This property looks like a bad Airbnb investment with a projected -32.02% first-year return on $159k initial cash invested.
-32.02%
Cash On Cash
-0.51%
Cap Rate
-0.08
DSCR
$1,668
Rent
-$4,250
Cashflow
Cash Flow
$1,668 income − $5,918 expenses = $4,250 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,668
Total Expenses
$5,918
Mortgage P&I
231%
$3,859
Property Taxes
59%
$992
Home Insurance
16%
$266
HOA
0%
$0
Property Management
15%
$250
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$417